MarketPR
(Nasdaq: RENX) has entered into a definitive agreement to convert outstanding debt into equity, settling a promissory note with James D. Burnham through the issuance of Series D Convertible Preferred Stock.
The company reported the transaction in an 8-K filing dated September 30, 2026, detailing the exchange of $1,446,774.32 in principal and accrued interest for new securities.
Under the terms of the exchange agreement, RenX issued 1,441 shares of a newly designated series of Series D Convertible Preferred Stock to Burnham.
Each preferred share carries a par value of $0.001 and a stated value of $1,000.00. The debt was cancelled upon the issuance of these securities on September 30, 2026.
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